8/27: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY July new home sales up 13.9 percent from June and 36.3 percent year-on-year Sales of new single-family houses in July 2020 rose to an annual rate of 901,000, up 13.9 percent from June and 36.3 percent year-on-year. It’s also the highest rate since December 2006.  The inventory supply timeline fell to 4.0 months, down from 4.6 months in June and 6.0 months a year ago.  Median sales prices fell to $330,600 as the largest share of homes were priced from $200k to $400k, accounting…

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